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ACTV: Active Listing NEW: New listing, just listed BOMK: Back on the market listing CANC: Cancelled Listing CTS: Deposited, contingent sale EXPD: Expired listing, no longer listed HUB: Hubbard Clause, deposited but still can still shown PEND: Pending sale, non contingent deal RAIS: Price raised REDC: Price Reduced RENT: Listing has been rented SOLD: Listing has been sold WITH: Listing has been temporarily taken off the market EBMK: Listing has been electronically placed back on market |
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On June 1, 1997, a new agency law (Public Act 96-159) was enacted in the State of Connecticut that affects real estate brokerage practices. The new law essentially limits a former standard method of real estate brokerage practice know as subagency whereupon brokers and agents represent only sellers in a real estate transaction. Public Act 96-159 established a new agency alternative commonly called buyer agency whereupon brokers and agents can represent not only seller and landlords, but buyers and tenants as well. A signed listed agreement is necessary for seller or lordlord representation; a signed buyer or tenant agency agreement is necessary for buyer or tenant representation. | |
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